BITCOIN BTCUSDTBitcoin / TetherUSBINANCE:BTCUSDTShavyfxhubBITCOIN EXTENED ITS CORRECTION INTO TRIPPLE CONFLUENCE ZONE ON DAILY TIME FRAME AT 98.404.85-99K ZONE .BUYERS ARE HEADING INTO RETEST ZONE OF THE BROKEN DEMAND FLOOR TO CHALLENGE THE NEW SUPPLY ROOF AT 106,298-107 ZONE ,SHOULD THEY OVERPOWER THIS ZONE THE NEXT SUPPLY ROOF WILL BE AROUND 111,500-113,000 ZONE . A TECHNICAL BREAKOUT OF THE 98,404.85 WILL CRASH THE PRICE WHERE I SEE A POSSIBLE DROP INTO 55K-60K ZONE AS ILLUSTRATED ON THE CHART. FUNDAMENTAL OF BITCOIN. BITCOIN FUNDAMENTAL INFORMATION. Crypto Meltdown Deepens: $90B Vanishes in an Hour as Traders Face $1.3B in Forced Liquidations Bitcoin is the world's first decentralized cryptocurrency, launched in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It allows peer-to-peer transactions without relying on banks or central authorities. Bitcoin transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers (miners) that validate and secure transactions through cryptographic proofs. What is Bitcoin? Bitcoin is a digital currency that enables secure and transparent transfers over the internet. Not owned or controlled by any single entity—it operates on a decentralized network. Uses blockchain technology to maintain a permanent, public transaction record. Supply is capped at 21 million coins, making it a scarce, deflationary asset. Network Security and Hash Rate: The computing power devoted to mining, indicating network strength and resilience. Transaction Volume and Adoption: Growth in users, wallets, and real-world usage reflect demand. Supply Schedule: Bitcoin’s issuance halves roughly every four years, reducing new supply and potentially driving scarcity. Institutional Interest: Investment flows from funds, corporations, and ETFs show confidence and liquidity. Regulatory Environment: Legal clarity or restrictions impact market sentiment. Macro Factors: Inflation trends, fiat currency strength, and geopolitical uncertainties influence Bitcoin as a store of value or risk asset. Summary Bitcoin is a decentralized digital currency secured by cryptography and maintained on a blockchain network. Its fundamentals include the network’s security, supply scarcity, adoption rates, institutional interest, and macroeconomic influences, all of which shape its price and long-term value proposition. #BTC #BITCOIN